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Non-Tech : Cendant Corporation (NYSE:CD) -- Ignore unavailable to you. Want to Upgrade?


To: VALUESPEC who wrote (1429)8/4/1998 10:23:00 AM
From: Frank  Read Replies (2) | Respond to of 3627
 
You really do need some discipline, take the advice, sometimes its hard to face, but don't discount it.

There's a classic book on, "Stock operations," which you should peruse. In it, one of the characters--based on a real person--discusses their position. It is your position which you should be concerned about. Your posts seem to indicate movements in and out of your overall position, which, net net, is a losing proposition. I did this with Seagate a few years ago. I made a little bit of money, when, if I'd been patient, I'd have made a lot more. Be patient.

CD is fundamentally sound. Technically, its probably already tested its support levels. The worst is behind the company (pending the litigation, which is never expeditious), Forbes is out, and business is good.

The company will probably need to readjust the beta and redefine its business model, but all in all, the melange is begining to sort itself out.

I'm more concerned with a general mkt correction than the company's performance.

Just an opinion.